Dairy Farmers of America (DFA) reported this week that its 2015 net income more than doubled from the previous year, climbing to $94.1 million on net sales of $13.8 billion.
Dairy budgets dipped into negative territory in February for herds in the western Corn Belt.
European countries, companies try to keep a lid on growing milk production.
Adjusted for leap year, milk production up 0.95%.
Increasing exports amounts have improved the market outlook domestically for dairy, but conditions could change during the summer, according to a market adviser.
Construction of the 250,000 square foot facility will begin this summer, and milk processing operations are expected to begin by the summer of 2017.
On the heels of several negative market reports last week, half of the 2017 Class III futures are now below $15.
The 2017 milk futures contracts saw double-digit losses for several days last week.
Sales of whole milk soared in 2015 as skim milk sales softened.
The 2014 study contains few surprises, but it does identify potential areas to improve management.